DrStool Posted August 18, 2022 Report Share Posted August 18, 2022 Another double bottom off the bottom of an uptrend channel now threatens to break the new, and rare, downtrend channel, as of 8 AM in New York. You can see it on the hourly ES, S&P 500 24 hour futures chart. Not only that, but the 3-5 day cycle oscillators have also turned up. Buy with both fists I guess. Unless they somehow miraculously hold here at 4285. o understand and profit from the big picture check out the following. Swing Trade Screens – Buys Overwhelm Sells, It’s Late But One Sector Looks Ready to Roll August 15, 2022 Yikes! August 15, 2022 Mildly Bullish Outlook for Gold Holds August 13, 2022 “As Good as It Gets” Was Good While It Lasted August 6, 2022 Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022 Withholding Tax Collections Solid in July, But Here’s Why the Party is Over August 2, 2022 The Bond Rally That Fooled The Majority And Didn’t Help Dealers July 27, 2022 As Good As it Gets, Before the End of Time July 18, 2022 Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2022 Author Report Share Posted August 18, 2022 Keep an eye on this correlation. 2 hour bitcoin bars with ES overlay has a widening divergence. But it's also at an inflection point. Link to comment Share on other sites More sharing options...
Jorma Posted August 18, 2022 Report Share Posted August 18, 2022 For reference the total market cap of Bitcoin is $450bn. World money supply, cash and bank deposits, is said to be $40TN. I suppose that means there is a lot of upside for Bitcoin. In the meantime it doesn't really mean much now. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2022 Author Report Share Posted August 18, 2022 Has Rule Number One Been Repealed? LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS AUGUST 18, 2022 Link to comment Share on other sites More sharing options...
fxfox Posted August 18, 2022 Report Share Posted August 18, 2022 14 minutes ago, DrStool said: Has Rule Number One Been Repealed? LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS AUGUST 18, 2022 "This dichotomy between the micro and macro TA is an indication of a fractured market that is not as strong the gain in the major averages suggests." That pain was felt by many who trade individual stocks long before the indeces topped out in early 2022. Many stocks topped out well over a year ago. The internal top was way before Jan 2022. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2022 Author Report Share Posted August 18, 2022 27 minutes ago, Jorma said: For reference the total market cap of Bitcoin is $450bn. World money supply, cash and bank deposits, is said to be $40TN. I suppose that means there is a lot of upside for Bitcoin. In the meantime it doesn't really mean much now. It's like the relationship between ice cream sales and street crime. Link to comment Share on other sites More sharing options...
fxfox Posted August 18, 2022 Report Share Posted August 18, 2022 9 minutes ago, DrStool said: It's like the relationship between ice cream sales and street crime. It'd be like saying that a exploding number of IPO's of total shit companies who will never ever earn any money would mean nothing. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2022 Author Report Share Posted August 18, 2022 This shows some promise. Link to comment Share on other sites More sharing options...
fxfox Posted August 18, 2022 Report Share Posted August 18, 2022 Did you know that there is a strong correlation between the number of people drowned after falling out of a fishing boat and the marriage rate in Kentucky? Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2022 Author Report Share Posted August 18, 2022 Getting close to the apex of this nasty POS. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2022 Author Report Share Posted August 18, 2022 2 hours ago, fxfox said: Did you know that there is a strong correlation between the number of people drowned after falling out of a fishing boat and the marriage rate in Kentucky? And North Carolina, Tennessee, and Arkansas. Link to comment Share on other sites More sharing options...
PullMyFinger Posted August 18, 2022 Report Share Posted August 18, 2022 Man I'm bored. My time would have been better spent doing something else today than stare at a screen. Link to comment Share on other sites More sharing options...
BurntOnce Posted August 18, 2022 Report Share Posted August 18, 2022 this drought is serious. leaves are falling like it's autumn. the trees may not survive this. that's why our insurance rose $4k. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2022 Author Report Share Posted August 18, 2022 7 minutes ago, PullMyFinger said: Man I'm bored. My time would have been better spent doing something else today than stare at a screen. Tomorrow I'm going to get back to finishing painting my apartment. Then I'll watch the paint dry. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2022 Author Report Share Posted August 18, 2022 The cost of homeowner's insurance in Florida has now tripled in the past year. Annual premium now about 2% of value. Worse than taxes. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.